[The Following Information Applies to the Questions Displayed Below

question 21

Multiple Choice

[The following information applies to the questions displayed below.]

Nelson Company experienced the following transactions during Year 1, its first year in operation.

Acquired $12,000 cash by issuing common stock
Provided $4,600 of services on account
Paid $3,200 cash for operating expenses
Collected $3,800 of cash from customers in partial settlement of its accounts receivable
Paid a $200 cash dividend to stockholders

-What is the amount of net cash flows from operating activities that will be reported on the Year 1 statement of cash flows?

• A)$400
• B)$600
• C)$1,400
• D)$1,200

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Definitions:

Form Design View

A feature in database and form creation tools that allows users to visually design and customize the layout and elements of a form.

Report Wizard

A tool within software applications that guides users through the steps of creating a report, ensuring data is systematically organized and presented.

Access Template

Pre-designed file formats provided by Microsoft Access, allowing users to quickly create database applications based on common use cases.

Blank Database

An empty database structure without any data or user-defined schema.